The way the housing crisis affects the home fashion retail is petty clear, if you do have a house or if you can't afford a house then there isn't any need for decorating a room. You can't decorate something you don't have.
Times are hard for people. People are struggling to just to pay for their house, and with times being so hard right now the can't afford to buy new things for their homes. Some people are lucky enough just to be able to pay for their house. Also foreclosure are at a all time high, so a lot of people are loosing their homes.
Fashion all around has taken a hit from the recession, and things more than likely will get worst first before it will get better. It is hard time for many industries at the moment, but within time things will get better. They always do. With time you will have to go through hard time and right now fashion is going through theirs now. Before you know it people will be back shopping for things that they need(what they think they need) and most of all things that they don't need.
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